x

Gov. Obaseki signs N179.2bn Appropriation Bill for Edo

Gov. Godwin Obaseki of Edo on Friday assented to the 2020 Appropriation Bill of N179.2 billion of the state.
Speaking at the ceremony at Government House in Benin, Obaseki said he was hopeful of implementing the budget fully.
“It is a budget that I hope and expect will have a performance of not less than 90 per cent.
“We have gone through all the assumptions and have moderated our expectations. It is quite less than what we appropriated in 2019.
“We cannot deceive our people; we have reviewed our macro economic situation and determined that what should be appropriated for 2020 should be close to what we will generate,” he said.
The governor commended the House for ensuring that the budget was signed into law before Dec. 15, a feat he described as historic in the state.
Presenting the bill, the Speaker, Edo House of Assembly, Mr Francis Okiye, said the budget presented to the House was slightly increased by 0.09 per cent which was about N1.6 billion.
Okiye gave the breakdown of the budget as N86,539,289,300 recurrent expenditure and N92,673,522,750 capital expenditure.
“The House looked at the governor’s programmes for 2020 and decided to increase the appropriation.
“We believe that putting this budget to work, Edo will have a new look and a new song under the Obaseki administration,” he said.
The 2019 Appropriation Act had a figure of N183. 7 billion, while the 2020 Appropriation bill was presented to the House on Nov. 13.

Hot this week

Gov Sule Flags Off Bursary Disbursement, Reiterates Commitment to Education

By Abel Leonard, LafiaGovernor Abdullahi Sule of Nasarawa State...

Bandits Kill Businessman in Kogi, Kidnap Bus Passengers in Yagba

Ny Noah Ocheni, LokojaSuspected bandits have killed a prominent...

Kogi Govt to Enforce Ban on Trailer Parks Over Security Concerns

By Noah Ocheni, LokojaThe Kogi State Government has announced...

IHR Commends President Tinubu for Hajj Fare Reduction, Seeks ₦1,000/$1 Concessionary Exchange Rate

By Jabiru HassanIndependent Hajj Reporters (IHR) has commended President...

Ghana to Pull Women To 2025 African Women Conference in Nov

By Joyce Remi-BabayejuThe Republic of Ghana is set...

Dinfa: Only a Northern Christian President Can Protect Northern Christians

By Israel Adamu, JosThe National Coordinator of the Young...

The Role of the United States in the Iran–Israel Geopolitical Rivalry

By Diri Glory IdaerefaaThe Middle East has long been...

2027: ACF to Regulate Officials’ Communication with Media, Public

By Achadu Gabriel, KadunaThe Northern socio-cultural organization, Arewa Consultative...

IHR Commends President Tinubu for Hajj Fare Reduction, Seeks ₦1,000/$1 Concessionary Exchange Rate

By Jabiru HassanIndependent Hajj Reporters (IHR) has commended President...

IHR Commends Tinubu for Hajj Fare Reduction, Urges N1,000/$1 Concessionary Rate

By Jabiru HassanThe Independent Hajj Reporters (IHR) has commended...

Related Articles

Popular Categories

spot_imgspot_img